Gemini Finance Provides $12MM PO Financing Facility to Health Snack Company

Gemini Finance provided a $12 million purchase order financing facility to a healthy snack company.  

The California-based company needed approximately $5 million for its regular purchase orders and an additional $7 million for a national roll-out of its products by a multinational retailer. The client required capital for raw materials, packaging, shipping and co-packing expenses.

The client has an existing line of credit and asset-based lending facility with a traditional bank but required additional funding to fulfill this large purchase order. Gemini Finance came to an agreement with the traditional bank lender and provided the required purchase order capital. The transaction was brought to Gemini Finance by a boutique Los Angeles-based investment bank.

“Gemini was able to cooperate and collaborate with the traditional bank lender, complete due diligence and fund in record time,” Steven Winters, CEO and president of Gemini Finance, said. “Gemini’s strong balance sheet and excellent reputation as a trusted and reliable partner led to a successful transaction for all parties.”